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Customers Pay Two Sets
Of Management Fees

By

Sara Calian Staff Reporter of The Wall Street Journal

Updated Feb. 24, 2000 12:01 a.m. ET

LONDON -- Funds of funds are gaining popularity among European investors, but watch out for the higher fees.

European retail investors have been pouring money into funds of funds, which consist of a manager picking through hundreds of fund offerings around the world and selecting the best ones. The total number of funds of funds aimed at European investors grew 57% to 684 in the past few years, according to Standard & Poor's...